Benchmark Co. analyst Mike Hickey maintained a Buy rating on Sportradar Group AG (SRAD – Research Report) today and set a price target of $12.00. The company’s shares closed yesterday at $10.48.
Hickey covers the Communication Services sector, focusing on stocks such as IMAX, Cinemark Holdings, and Electronic Arts. According to TipRanks, Hickey has an average return of -2.6% and a 57.07% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sportradar Group AG with a $13.21 average price target, which is a 26.05% upside from current levels. In a report released today, Needham also reiterated a Buy rating on the stock with a $16.00 price target.
The company has a one-year high of $15.57 and a one-year low of $8.08. Currently, Sportradar Group AG has an average volume of 374.2K.
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Sportradar Group AG (SRAD) Company Description:
Sportradar Group AG is a technology platform enabling next-generation engagement in sports, and a provider of B2B solutions to the global sports betting industry. It generates revenue through two primary sources: subscription-based revenue and revenue sharing.
Read More on SRAD:
- Sportradar Reports Growth and Leadership Changes
- SRAD Earnings this Week: How Will it Perform?
- Sportradar’s Alpha Odds Increased Profits By 15% for Operators Across UEFA Euro 2024 Qualifying Matches
- Sportradar to Participate in the J.P. Morgan Global Technology, Media and Communications Conference on May 21
- Sportradar Group AG Unveils Strategic Reorganization
